ISR News - Update on Sale of Oil & Gas Interests in Ecuador
Posted: Wednesday Dec 2 1:53:40PM 2009
INTERNATIONAL SOVEREIGN ENERGY CORP. Transmitted by CNW Group on : December 2, 2009 16:26 Update on Sale of Oil & Gas Interests in Ecuador /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS./ TSX: "ISR" Common Shares: 16,096,084 CALGARY, Dec. 2 /CNW/ - International Sovereign Energy Corp. ("ISR" or the "Company") announces that, further to its previous press releases of September 29, 2009, October 15, 2009 and October 31, 2009, concerning a non-binding letter of intent and memorandum of understanding ("MOU") to sell its oil and gas interests in Ecuador, the parties did not close this transaction on November 30, 2009, but are continuing to complete due diligence and finalize a purchase and sale agreement. International Sovereign Energy Corp. is an oil and gas exploration development and production company with offices in Calgary, Alberta and Islamabad, Pakistan and is active in the exploration and development of hydrocarbon reserves in western Canada.